Ann: QBE December 2020 Market Update Presentation, page-10

Ash, you've been around the block, surprised you hold this dog. There won't be alpha here for half a decade, sure you can ride the waves, if you can time it, but qbe has gone nowhere for over a decade. Head doesn't know which way the tail is wagging, much better oops elsewhere. Problem with relying on premium rises is you'll eventually be priced out. Their book has proven to be highly unprofitable and can U imagine if they still had the old Latam book? Truth of the matter is, they fail in almost all regions, $1.5bn loss will not be fixed overnight and highly dilutive cap raise is almost a certainty. I see zero upside, the chart with this dog tells the perfect story.
opportunity cost world....cut n run imho...